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Posted 22 November, 2023

PREFORMED LINE PRODUCTS CO appointed Mr. Ruhlman as new CEO

Nasdaq:PLPC appointed new Chief Executive Officer Mr. Ruhlman in a 8-K filed on 22 November, 2023.


  In connection with Mr. Ruhlman's appointment as Executive Chairman, the Board of Directors of the Company appointed Dennis F. McKenna as Chief Executive Officer of the Company, effective as of January 1, 2024.  

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Overview of PREFORMED LINE PRODUCTS CO
Industrial Goods • Industrial Products
Preformed Line Products Co. engages in the provision of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information, and other similar industries. It operates through the following geographical segments: PLP-USA, Americas, EMEA, and Asia-Pacific. The PLP-USA segment is involved in manufacturing traditional products primarily supporting domestic energy, telecommunications, and solar products. The Americas, EMEA, and Asia-Pacific segments focuses on supporting energy, telecommunications, data communication, and solar products in each respective geographical region. The company was founded by Thomas F. Peterson in 1947 and is headquartered in Mayfield Village, OH.
Market Cap
$647M
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PREFORMED LINE PRODUCTS CO by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On November 17, 2023, the Board of Directors of Preformed Line Products Company (the "Company") announced that Robert G. Ruhlman, the Company's current Chairman of the Board and Chief Executive Officer, has been appointed as Executive Chairman of the Company and will no longer serve in the capacity of Chief Executive Officer, effective January 1, 2024. Mr. Ruhlman has served as the Company's CEO since 2001.

In connection with Mr. Ruhlman's appointment as Executive Chairman, the Board of Directors of the Company appointed Dennis F. McKenna as Chief Executive Officer of the Company, effective as of January 1, 2024.

Mr. McKenna, age 56, has been employed by the Company since April 1993 and has worked in various roles in Marketing and International Operations. He was promoted, in December 2019, to Chief Operating Officer where he was responsible for Sales, Operations and Business Development in the US, Americas and EMEA regions. Prior to that, he was Executive Vice President, which included responsibilities for Global Business Development, from January 2018 to December 2019. As Chief Executive Officer, Mr. McKenna's responsibilities will expand to include the responsibility for all Sales and Operations worldwide. 

There are no arrangements or understandings between Mr. McKenna and any other person pursuant to which Mr. McKenna was appointed to serve as Chief Executive Officer of the Company. Mr. McKenna currently does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. At this time, the Company does not have any written employment agreements or other formal compensation agreements with Mr. McKenna.